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6 Ways My Family Made Me A More Successful Entrepreneur

6 Ways My Family Made Me A More Successful Entrepreneur

Many people seem to think that in order to build a successful startup company, you need to be young and single. Although I can understand why some would have this perspective, I have found the complete opposite to be true from first-hand experience.

While being young and single can mean one has more time to focus on their dreams or career goals, it can also mean that certain life lessons haven’t been learned yet. The fact is, with my last company I became more successful after I got married and had kids. Now, some may say my success could have just been luck or that the timing of how it all worked out was merely a coincidence. However, I personally believe that it was the addition of my family to my life that made me a better entrepreneur.

I took some time to think about what the biggest influences my family has made on the business side of my life. Here are six inspiring things my family has brought into my career:

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1. Gives you a valued support system

Being an entrepreneur can be a lonely job. You generally work alone, make decisions alone, struggle alone, and often, quietly celebrate successes alone. The bottom line, however, is that you can’t do it alone, nor should you.

Having a sounding board to bounce ideas off, someone to point out when you’re off the course, to encourage you when you face challenges and to cheer you on when you succeed, are all very valuable. At the same time, engaging your partner in those discussions demonstrates that you value their opinion, opens the lines of communication, and helps build respect and trust in each other.

2. Provides you with a purpose

Along with a support system, family reminds you why you are working so hard, and inspires you to keep going, even through the tough times.

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The family keeps you grounded when you’re overwhelmed by the thousands of small crises that develop almost daily when you’re an entrepreneur. The major ups and downs, daunting challenges and successes as an entrepreneur can distract you from your end goal, but I find it’s always my family that brings me back to reality.

3. Teaches you better time management

Being part of a family requires you to use your time more wisely and to be more productive. Moving from the “me” to the “we,” and then into the role of a parent, forces you to wear many hats.

When you are a spouse, parent and business owner, you learn to take on many roles and become more adept at managing those roles, at determining the best use of your time, and deciding what is worth your time, both at home and at work.

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4. Forces you to take downtime

Part of managing your time well is knowing when it’s time for a break or a vacation. By taking part in activities with your kids and family, you have a chance to step away momentarily from the business, to de-stress the mind and to gain new focus and fresh perspective.

Even a short break at a soccer game or in the backyard gives you an opportunity to refocus your priorities, perhaps for you to remember why you do what you do.

5. Teaches you to delegate better

Entrepreneurs, by their nature, are do-for-themselves kinds of people. Unfortunately, that can mean they are sometimes not great at asking for help. But if you’re going to manage your time effectively, you need to delegate tasks to people you trust.

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In the end, it often makes you more successful because you have trusted a complex task to someone with expertise in one specific area. Asking for help at home lets your family be engaged in supporting you. It also opens the doors for people to ask for the same of you. Cooperation, support…. this is, after all, what family is all about.

6. Makes you a positive role model

As parents we think about the example we are setting for our kids. Building something from scratch teaches your kids about taking risks and hard work. Whatever level of success you achieve as an entrepreneur demonstrates the value of hard work, of dreaming, and of perspective in life. On the business side, having family will encourage you to act in ways that your family can be proud of. This accountability, in turn, will be evident to your clients and team members, making you someone they want to work with and do business with.

On the business side, having a family will encourage you to act in ways that your family can be proud of. This accountability, in turn, will be evident to your clients and team members, making you someone they want to work with and do business with.

The values, work ethic and perspectives that help a family thrive and a business succeed are one and the same. It is not only possible to have both, but can be better for both when you do.

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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